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Oct 15, 2012
10/12
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what governor romney did well in the debate is walk away from his previous commitment to cut taxes, change it into a promise to cut rates and deductions. in the end, there's no magic here. there's got to be an increase in revenues that help solve the deficit problem and a reduction in spending. >> so, where is the reduction in spending, then? let's talk about that, richard. where do you think should be cut in terms of spending? we're not really hearing the clarity on that part of the equation either. >> well, i'm pleased that my views on what would constitute a cut in spending are solicited. i have some ideas. >> what are they? >> health care. you have to do something about growth in medicaid. this is not rocket science. what's missing in debate is not concrete proposals from either side but a willingness to share a fundamental value. do you raise revenues as part of the work out or don't you? >> i think we all are seeing concrete proposals. i think we are seeing some concrete proposalproposals. it's a clear choice. the president said he wants to raise taxes on the highest earners and gove
what governor romney did well in the debate is walk away from his previous commitment to cut taxes, change it into a promise to cut rates and deductions. in the end, there's no magic here. there's got to be an increase in revenues that help solve the deficit problem and a reduction in spending. >> so, where is the reduction in spending, then? let's talk about that, richard. where do you think should be cut in terms of spending? we're not really hearing the clarity on that part of the...
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Oct 4, 2012
10/12
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is this a romney rally following that debate last night or more so on the heels of commentary out of europe? top strategists will be weighing in on what was behind today's moves. some on the street are speculating that the rally has to do with the strong showing by governor mitt romney last night in the first presidential debate of the 2012 election. let's get to courtney reagan. she's breaking down the stocks today that moved or could have been moved in one direction or another as a result of that. over to you. >> thank you, maria. mitt romney did need to revis revitalize his campaign. it looks like he did it last night. wall street took some notice today. coal stocks, one of the big winners in today's trading after romney made this comment to president obama. >> by the way, i like coal. i'm going to make sure we can continue to burn clean coal. people in the coal industry feel like it's getting crushed by your policies. i want to get america and north america energy independent so we can create those jobs. >> if you're bullish on coal, you're going to like this. take a look at how
is this a romney rally following that debate last night or more so on the heels of commentary out of europe? top strategists will be weighing in on what was behind today's moves. some on the street are speculating that the rally has to do with the strong showing by governor mitt romney last night in the first presidential debate of the 2012 election. let's get to courtney reagan. she's breaking down the stocks today that moved or could have been moved in one direction or another as a result of...
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Oct 9, 2012
10/12
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it is even grasping at things like mitt romney's strong debate performance. some call the stock gains the next day a romney rally. money moving into stocks and the theme don't fight the fed again and again. the economy is showing signs of cracks. today cutting global growth. it is always important to note fundamentals matter. earnings and profits matter. history has not been kind to investors when they have ignored this. we will keep watching those fundamentals. before we go take a look at wall street action today. we had a negative showing. the dow jones down. the volume was light. nasdaq gave up 1.5%. and the s&p 500 down 14.5 points. here are the recaps on the earnings news. alcoa up a fraction. yum brands definitely better than expected numbers as well as revenue higher. the stock rallies 4% in the extended hours
it is even grasping at things like mitt romney's strong debate performance. some call the stock gains the next day a romney rally. money moving into stocks and the theme don't fight the fed again and again. the economy is showing signs of cracks. today cutting global growth. it is always important to note fundamentals matter. earnings and profits matter. history has not been kind to investors when they have ignored this. we will keep watching those fundamentals. before we go take a look at wall...
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Sep 12, 2012
09/12
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, governor romney is going to be debating. barack obama and barack obama's record. he's not going to be debating bill clinton. you'll see this settled down and actually i think the agency. the polls are tight. it's a very tight race. the president said it's a tight race. i think he's right on that and i think governor romney will do fine. >> and in terms of the economy, will it do fine? here we have this fiscal issue that is impacting uncertainty right now. never mind if, in fact, the u.s. goes off that fiscal cliff. give us your sense of the differences in policies for the vote candidates. because there is also a poll that shows voters think romney is too vague about his policy proposals. >> well, let me address that a little bit first. that's something that really kind of gets under my skin. you know, governor romney came out with a 59-point plan. i contributed to that plan. he subsequently clarified his position on taxes, education, made them clearer. everybody said governor romney, he's so technical, he just gets into the
, governor romney is going to be debating. barack obama and barack obama's record. he's not going to be debating bill clinton. you'll see this settled down and actually i think the agency. the polls are tight. it's a very tight race. the president said it's a tight race. i think he's right on that and i think governor romney will do fine. >> and in terms of the economy, will it do fine? here we have this fiscal issue that is impacting uncertainty right now. never mind if, in fact, the...
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Oct 18, 2012
10/12
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so he was much better than he was in the first debate. i thought mitt romney did very, very well. i thought he won the debate. >> we'll see about that. monday night's the last and final debate on foreign policy. donald, always great to talk with you. chbl >> thank you, maria. >> let's go to john fort. he has more on microsoft. what can you tell us about the numbers? >> yeah, first of all, i want to clarify. i know you and i are going back and forth a little bit about that deferred revenue question. turns out i'm hearing the number we should be paying attention to is $16.01 billion in revenue. that compares unfavorably to expectations of $16.42 billion. the eps of 53 cents versus 56 expected. going through some of the divisions, i've got wells fargo's pencilled in expectations. they had revenue a little higher than actually came in. their numbers sort of match what the street might have been expecting by division. w windows and windows live came in around $3.2 billion. server and tools was also off a bit. online services was about in line with expectations. the business division a
so he was much better than he was in the first debate. i thought mitt romney did very, very well. i thought he won the debate. >> we'll see about that. monday night's the last and final debate on foreign policy. donald, always great to talk with you. chbl >> thank you, maria. >> let's go to john fort. he has more on microsoft. what can you tell us about the numbers? >> yeah, first of all, i want to clarify. i know you and i are going back and forth a little bit about...
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Oct 17, 2012
10/12
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meanwhile, during last night debate, president obama and governor romney were asked why gas prices are so high. it prompted a heated exchange. listen to this. >> if you're paying less than you paid a year or two ago, then the strategy is working. but you're paying more. when the president took office, the price of gasoline here was about $1.86 a gallon. now it's $4 a gallon. >> why is that? because the economy was on the verge of collapse. because we were about to go through the worst recession since the great depression. as a consequence of some of the same policies that governor romney is now promoting. >> so how much does the president impact the price of gasoline? joining us now, dan weiss, from the center for american progress. robert brice, from the manhattan institute. robert, are the president's policies helping or hurting the price of gasoline? >> well, maria, what was remarkable last night about the president was how he's trying to rebrand himself. in 2007, he said it was time to end the tyranny of oil. he's repeatedly demonized the oil and gas industry. he's referred to oil
meanwhile, during last night debate, president obama and governor romney were asked why gas prices are so high. it prompted a heated exchange. listen to this. >> if you're paying less than you paid a year or two ago, then the strategy is working. but you're paying more. when the president took office, the price of gasoline here was about $1.86 a gallon. now it's $4 a gallon. >> why is that? because the economy was on the verge of collapse. because we were about to go through the...
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Jul 10, 2012
07/12
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with that you were talking about in the debating, squaring romney care and obama care and what you called vulture capitalism. is there any part of you that says this is what we were talking about? >> the choice between barack obama and mitt romney is about as stark as you can get. and that's the choice americans have to make. if you want something that wants to force your state to go into government run washington centric exchanges, expand the cost of government, then vote for barack obama. if you want someone with a business background that says he will repeal obama care, he will need to vote for perform. ly support him in every way they can because he will get the country back on track. what we do here in the state of texas, has worked loyally with me, we both understand there is a clear resolve of having low taxation, a fair and predictable regulation, and a legal system that does not allow for oversuing. another level, if you will, of protection for the businessmen and women in the state that want to risks their capital. they know they can do that and that's the reason they continue t
with that you were talking about in the debating, squaring romney care and obama care and what you called vulture capitalism. is there any part of you that says this is what we were talking about? >> the choice between barack obama and mitt romney is about as stark as you can get. and that's the choice americans have to make. if you want something that wants to force your state to go into government run washington centric exchanges, expand the cost of government, then vote for barack...
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Oct 5, 2012
10/12
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what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was listless. president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the stock market. a stock you know very well. hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire. here's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and 2015 as those products kick in, the i think vestments we're making in things like i.t., sales, organization, and training. those things will start to kick in. i really think 2014 will be quite a bright year for hp. >> what do you think of what she said? do you have any sympathy for her? >> first o
what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was listless. president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the...
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Jun 22, 2012
06/12
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somebody like the president debate governor romney, i mean governor romney said -- somebody wrote mute romney. i watched his interview with cbs "face the nation" he didn't say anything. i need to learn to say nothing and smile. >> what is the president saying about this whole health care thing? we're going to get the ruling next week. will it be a blow to the president if it's ruled unconstitutional. if it is, we have to deal with it. i think it's a blow for the country if it's unconstitutional. i think health care is a good idea. >> we have a small business owner coming up that agrees with you and she is making that pitch in terms of keeping the law, but we're going to learn this pretty soon next week. in terms of the expense side of your business, has that impacted your business? >> one thing my dad said is respect your elders and try to find the smartest guys around. when i have seen warren buffet host that thing and spell bind people for an hour, you talk to him about what's fair, what's good for taxes, and who he is supporting, and if warren buffet, to me who represents american b
somebody like the president debate governor romney, i mean governor romney said -- somebody wrote mute romney. i watched his interview with cbs "face the nation" he didn't say anything. i need to learn to say nothing and smile. >> what is the president saying about this whole health care thing? we're going to get the ruling next week. will it be a blow to the president if it's ruled unconstitutional. if it is, we have to deal with it. i think it's a blow for the country if it's...
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May 13, 2013
05/13
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so for him to say as he did in the presidential debate against mitt romney that he had called it a terrorist attack that morning simply is contradicted by the facts. unfortunately, during that debate, that falsehood was corroborated by the moderator. something i've never seen in all the presidential debates i've ever watched. >> yeah. that was pretty extraordinary, actually. you're right. in terms of transparency and -- and flow of information, can you characterize how that's changed? i mean, whether you look at, you know, the irs ruling with an iron fist and targeting groups that they want to target because they don't agree with their political views, or, you know, the information that was left out of the benghazi story, to you think we've seen a material change in terms of information flow to the american people and transparency from this government? >> well, president obama said it would be the most transparent administration in history. i think we know that's not the case. every administration does not want damaging information to come out. and we have seen that in iran contra. we saw it
so for him to say as he did in the presidential debate against mitt romney that he had called it a terrorist attack that morning simply is contradicted by the facts. unfortunately, during that debate, that falsehood was corroborated by the moderator. something i've never seen in all the presidential debates i've ever watched. >> yeah. that was pretty extraordinary, actually. you're right. in terms of transparency and -- and flow of information, can you characterize how that's changed? i...
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Mar 19, 2012
03/12
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>> know, i don't think debating the issues do. the democrats did it last go round and it didn't destroy their party. the biggest thing is what is the image of the republican party. if the image is they are promoting only one thing, that obama is too weak and we need more war, more spending, more invasion of privacy, deal with birth control pills and on and on, some of these things can hurt. but that the whole system. but if it is the debaste issues because i disagree with other candidates or spending, actually i want it cut spending, and none of the others have indicated they could cut anything. i think that's important. it doesn't help obama. it means that you have to have a debate within the republican party. i thought the republicans would want somebody that would really want it cut and be conservative and balance the budget. that of course is what my platform is all about. >> would you consider running for vice presidential nomination? >> i wouldn't run for it. i wouldn't consider that. >> well, no oning for it but would you c
>> know, i don't think debating the issues do. the democrats did it last go round and it didn't destroy their party. the biggest thing is what is the image of the republican party. if the image is they are promoting only one thing, that obama is too weak and we need more war, more spending, more invasion of privacy, deal with birth control pills and on and on, some of these things can hurt. but that the whole system. but if it is the debaste issues because i disagree with other candidates...
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Oct 16, 2012
10/12
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. >>> then a make or break debate between president obama and mitt romney. we'll tee it up ahead of cnbc's live coverage tonight. hope you'll join us for the debail, big one. debate number two. back in a moment. ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. syou know, i'
. >>> then a make or break debate between president obama and mitt romney. we'll tee it up ahead of cnbc's live coverage tonight. hope you'll join us for the debail, big one. debate number two. back in a moment. ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can...
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May 30, 2012
05/12
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let's get both sides of the debate. former economic clinton adviser with me now, high school of business, americans love big government even if they don't realize it. on the opposing side, mitt romney and kevin with aei. thank you both for joining us. >> thank you, maria. >> many americans who criticize big government would support it if they understand the meaning of big government. please explain. >> i think it's simple. you know what the statistics are. you have 20% of medicare and medicaid, 20% in defense, about 5% or so, a little bit more in interest payments on the debt. so i assume people on survey after survey don't want to cut social security, medicare and medicaid, they are worried about cutting big cuts in defense or might say everything else. and then you have to say, well what is everything else? science, infrastructure, education, food stamps, aid to children who are very, very poor, ppoo poor, pell grants. i want people to understand what the government spent its money on and then make the hard is choices
let's get both sides of the debate. former economic clinton adviser with me now, high school of business, americans love big government even if they don't realize it. on the opposing side, mitt romney and kevin with aei. thank you both for joining us. >> thank you, maria. >> many americans who criticize big government would support it if they understand the meaning of big government. please explain. >> i think it's simple. you know what the statistics are. you have 20% of...
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Nov 7, 2012
11/12
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they got a boost after mitt romney's strong performance in the first debate. no surprise, financials, the worst sector in the s&p today. a second obama term likely will mean continued pressure for financial regulation, not to mention vocal wall street critic elizabeth warren being elected to the senate from massachusetts. health care insurers were the losers today as 2014 will come with new taxes for the sector. but hospitals surging because obamacare should cut uncompensated care. they standing to big losers if the fiscal cliff is not averted. that will be the big play here. so far, consumer discretionary, technology stocks have been the best performers, more than doubling, despite the sluggishness of the economy. all ten s&p sectors actually were positive over the last four years. more defensive sectors like consumer staples, health care, telecoms outperformed the overall gains. sometimes these defy conventi conventional wisdoms. health care climbed the wall of worry going into the obamacare. then the fundamentals got better because medical usage has been lo
they got a boost after mitt romney's strong performance in the first debate. no surprise, financials, the worst sector in the s&p today. a second obama term likely will mean continued pressure for financial regulation, not to mention vocal wall street critic elizabeth warren being elected to the senate from massachusetts. health care insurers were the losers today as 2014 will come with new taxes for the sector. but hospitals surging because obamacare should cut uncompensated care. they...
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Oct 3, 2012
10/12
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debates. you can catch it all right here live on cnbc beginning at 8:00 p.m. eastern. i'll be hosting the pre and post coverage along with carl quintanilla. of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and lo
debates. you can catch it all right here live on cnbc beginning at 8:00 p.m. eastern. i'll be hosting the pre and post coverage along with carl quintanilla. of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's...
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Jan 30, 2012
01/12
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gingrich was happy to take $1.6 million from the firm before the meltdown, romney says. so two of these big financial firms front and center here in this debate. >> the financials in the center of the debate. it's firing up the upset over wall street. >> yeah. that's right. there is a lot of anger here. and clearly the gingrich campaign is making the calculation there is enough inside a electorate that using a name like goldman sachs on the campaign trail would be a bad thing. any other time it would be a benchmark for quality in a republican campaign. now goldman sachs has become a bugaboo. something else entirely. gingrich is calculating a lot of the voters here in tampa today voters here will be enough outraged by what's happening in the wake of the financial crisis that any links to any wall street elite will play as a negative even in the electorate. >> let's talk about how important florida is. how important is florida in terms of who is victorious? >> look. it is extremely important. it's a microcosm of the entire country. there's a lot of different cities and med
gingrich was happy to take $1.6 million from the firm before the meltdown, romney says. so two of these big financial firms front and center here in this debate. >> the financials in the center of the debate. it's firing up the upset over wall street. >> yeah. that's right. there is a lot of anger here. and clearly the gingrich campaign is making the calculation there is enough inside a electorate that using a name like goldman sachs on the campaign trail would be a bad thing. any...
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Aug 23, 2012
08/12
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. >> we can have a long debate about this, we will have to negotiate with congress in january, but we have to cut spending. mitt romney has been really clear about that. >>> reaction now from the man who offer as unique perspective on how the latino population will respond. he is from our sister network, telemundo. he will be live from the republican and democrat conventions. thank you for being with us. tackling the deficit has a lot of people concerns, what are you hearing from your audience? >> in many ways, the latino community lives in a different place than the rest. unemployment is 10.3%. these are issues that affected the latino community for some years now, but on the other hand. if you look at the nbc news, the poll that we have targeting the hispanic vote, the hispanic community say that things are headed in the right direction, 44% say things are headed in the wrong direction. >> very tight. >> so it's a 50/50 split. >> the recession has his hispanics especially hard, right? what do they want from their candidates do you think? what is most important? >> they want to see j
. >> we can have a long debate about this, we will have to negotiate with congress in january, but we have to cut spending. mitt romney has been really clear about that. >>> reaction now from the man who offer as unique perspective on how the latino population will respond. he is from our sister network, telemundo. he will be live from the republican and democrat conventions. thank you for being with us. tackling the deficit has a lot of people concerns, what are you hearing from...
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Oct 22, 2012
10/12
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president and mitt romney running neck and neck ahead of tonight's final debate. i'll talk to senator john mccain coming up and ask him why energy policy in this country might be the biggest foreign policy issue in tonight's debate. >>> would you ever say no to a pile of free money? millions of americans are doing just that and you might be one of them. stay with us on this story. back in a moment. >>> welcome back. yahoo! up nearly 3% right now. stock higher an reporting better than expected earnings and better revenue as well. julia boorstin recapping the yahoo! quarter. >> those yahoo! shares are trading higher because the company reported significantly better than expected results. adjusted earnings per share came in at 35 cents. that's ten cents more than wall street expected. revenue grew 2% to $1.09 billion. there's more than 1% revenue growth wall street expected. driving that upside was the fact that search revenue excludeing traffic acquisition cost increased 11% over last year. gap display revenue was up just 1% from a year ago. now we'll be listening c
president and mitt romney running neck and neck ahead of tonight's final debate. i'll talk to senator john mccain coming up and ask him why energy policy in this country might be the biggest foreign policy issue in tonight's debate. >>> would you ever say no to a pile of free money? millions of americans are doing just that and you might be one of them. stay with us on this story. back in a moment. >>> welcome back. yahoo! up nearly 3% right now. stock higher an reporting...
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Aug 13, 2012
08/12
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here is mitt romney today in florida. >> the president's idea, for instance, for medicare was to cut it by $700 billion. that's not the right answer. we want on make sure we preserve and protect medicare. >> in fact the affordable care act, obama care, cuts the growth of medicare by $700 billion over ten years. but benefits to seniors actually increase under obama care and which reduces payments to providers and in exchange for more people covered by insurance. what's more, the ryan plan approved by the house cuts medicare spending every bit as much as obama care does. it incorporate it is very same budget projections even as it repeals obama care. that may be what you call having it both ways and both sides can play this mediscare game. >> got to love campaigns. scott cohn, thank you very much. brian budget plan goeswhelm beyond just medicare. so is it the answer to help knock out deficits and bring the economy back on track or is it too draconian at this point? >> peter ferrara of the heartland institute says it is the right tool important the job at hand and he joins us now. peter
here is mitt romney today in florida. >> the president's idea, for instance, for medicare was to cut it by $700 billion. that's not the right answer. we want on make sure we preserve and protect medicare. >> in fact the affordable care act, obama care, cuts the growth of medicare by $700 billion over ten years. but benefits to seniors actually increase under obama care and which reduces payments to providers and in exchange for more people covered by insurance. what's more, the ryan...
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Nov 2, 2012
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a lot of people debated it. not everything has gone your way under this president. what would you like to see different? >> well, first of all, i'd like to see us build on the health care plan we passed that's going to add 30 million people, many of whom go to work every day and didn't have health care. i'd like to see us deal with the infrastructure we saw that got ruined on the east coast and the issues about the grid and where we go with broadband are enormously important. i like the president's ideas about bringing back manufacturing into our country. i'd like to deal with a broken retirement system in our country that i think there's bipartisan opportunities to make change. so i'd like to see us work on things that when people go to work every day and they work with really hard, they can get ahead, send their kid to college, retire with dignity. i think all of those are possible in the next four years. >> we all agree on that one. andy, good to have you on the program. thank you so much. >> thank you. >> we will see you soon. >>> no, this is not an episode of "
a lot of people debated it. not everything has gone your way under this president. what would you like to see different? >> well, first of all, i'd like to see us build on the health care plan we passed that's going to add 30 million people, many of whom go to work every day and didn't have health care. i'd like to see us deal with the infrastructure we saw that got ruined on the east coast and the issues about the grid and where we go with broadband are enormously important. i like the...